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An update from Pacific Premier Bancorp ( (PPBI) ) is now available.
On January 23, 2025, Pacific Premier Bancorp reported its financial results for the fourth quarter of 2024, highlighting a strong financial performance with earnings per share of $0.35. The company announced initiatives to support communities affected by the California wildfires, including expanded lending products for displaced homeowners and businesses. The fourth quarter saw growth in the loan portfolio and a shift in the funding mix towards lower-cost deposits. Pacific Premier also received approval to convert to a National Banking Association, aligning its business model for further expansion. The company maintained robust capital ratios and anticipates continued growth in loan production and deposit relationships in 2025.
More about Pacific Premier Bancorp
Pacific Premier Bancorp, Inc. operates in the financial services industry, focusing on providing banking products and services. The company primarily serves small and middle-market businesses, offering commercial and consumer lending, as well as deposit services.
YTD Price Performance: 5.02%
Average Trading Volume: 522,470
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.41B
For detailed information about PPBI stock, go to TipRanks’ Stock Analysis page.